Most everyone at Ford is grinning from ear-to-ear these days, as the company is enjoying profits as well as a vastly improved product portfolio and public image. Sales are up, the product pipeline is full, and market share gr
Ford has announced the company's single largest profit since 1998, thanks in part to a one-time tax gain. The company drew in a net income of $13.6 billion last quarter and the news marked the automaker's 11th consecutive profitable quarter. For perspective, Ford made $190 million in 2010. The company's net income was bolstered by the fact that Ford eliminated a valuation allowance against deferred tax ben
There's little question that bringing Alan Mulally on board at Ford was the smartest move the company made in decades, nor is there much debate that credit for the company's salvation is largely due to his office. But could his number be up?
How do you replace the man credited by Time Magazine with managing "the biggest business turnaround of the Great Recession?" That's a very good question, and one that the Ford board of directors is grappling with as company CEO Alan Mulally edges closer to retirement age.
As you're probably already aware, Ford CEO Alan Mulally earned well over $26 million last year. Fiat and Chrysler head Sergio Marchionne was next in the ranks of
Who Could Possibly Replace Ford's Golden CEO?
"If you buy this truck, I'll come deliver it," Ford President and CEO Alan Mulally told his friend Rob Johnston. Proving that his pledge was more than just an empty sales tactic, Mulally stayed true to his word and dropped in at Satcher Ford in Aiken, South Carolina to personally hand over the keys to Johnston's 2011 Ford F-150. Johnston's likely still marveling at the luck that
Ford CEO Alan Mulally must have an impressive trophy room. The executive was just voted to be the 2011 CEO of the Year by a group of fellow head honchos, adding yet another honor to his already lengthy list of awards. Chief Executive Magazine readers nominated those leaders they felt deserved a tip of the hat, and the top 10 names with the most votes were then submitted to a selection com
It looks like Cadillac isn't the only American luxury automaker throwing the hammer and nails at its showrooms. According to Automotive News, stand-alone Lincoln dealers located in urban areas are expected to spend at least $1 million in showroom renovations over the next two years.
Alan Mulally has done a lot of good for the Blue Oval brand, but the Ford CEO still has big plans for the automaker. In fact, Mulally's goal is to see a 50 percent increase in global sales by the year 2015. An ambitious target, which would see Ford selling nearly eight million vehicles around the world.
Alan Mulally has no plans to retire just yet. The 65-year-old Ford CEO is still going strong at the helm in Dearborn, and is working to get his company back up to an investment-grade credit rating. Still, Bill Ford, Jr. explained to reporters last week that the former Boeing CEO's replacement will probably come from within the company.
Will there be one fuel standard to rule them all? Ford CEO Alan Mulally certainly hopes so, and he's letting Washington know. As manufacturers spend time and money pushing to reach established Corporate Average Fuel Economy goals, some states are looking to set their own rules. That could prove to be a tricky – and hugely expensive – proposition for the automakers.
Traditionally, the United Auto Workers will pick one automaker to negotiate a contract. Then, after that deal is struck, the UAW will shop the deal to the other automakers. It's called "pattern bargaining," and it's been happening for decades.
Alan Mulally on The Engadget Show – Click above to watch video after the jump
Ford had a very good financial year in 2010, with the company's second consecutive year-over-year market share increase and a net profit of $6.6 billion. Those sparkling stats made Ford's stock jump, with 68 percent in total gains for the year. And when stock prices soar, so do the executives' compensation.
Ford Motor Company Executive Chairman Bill Ford, Jr. and Chief Executive Alan Mulally have reportedly been given big-time bonuses by the Blue Oval for keeping things moving when General Motors and Chrysler filed for bankruptcy. Mulally received $56.5 million worth of Ford stock before taxes and Ford got stock worth $42.4 million.
